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Lucent's Denial of Bankruptcy
Underscores Serious Difficulties

By

Dennis K. Berman and

Rebecca Blumenstein Staff Reporters of The Wall Street Journal

Updated April 5, 2001 12:01 a.m. ET

Usually, nonevents don't rate big headlines.

For Lucent Technologies , however, it was big news Wednesday when its executives squashed rumors sweeping the market of a potential bankruptcy filing. The fact that the rumors were even taken seriously underscores the mountain of problems facing the company.